Ukrainian Refugee Flees with Pen Drive Containing Life Savings in Bitcoin
A 20-year-old refugee escaped Ukraine with only Bitcoin on his pen drive as his only means of payment. Many Ukrainian rely on crypto to enable them to pass European borders. According to Fadey, who spoke to CNBC, Many people have been left stranded due to problems with bank transactions and long ATM lines. Fadey, on the other hand, […]
Russia-Ukraine War: Ukraine Government seeks $200 million in Bitcoin and cryptocurrency donations
Ukraine’s Ministry of Digital Transformation announced on Monday the “Aid For Ukraine” initiative, which aims to generate $200 million in Bitcoin and cryptocurrency donations for the Ukrainian government. The cryptocurrency community has already contributed approximately $51 million to aid Ukraine in its struggle against the Russian invasion. The Ukrainian government developed a website, powered by crypto […]
Russian crypto volumes to drop after Binance blocks Visa and Mastercard
Binance blocked Visa and Mastercard cards issued in Russia, causing crypto trade volumes to fall. While Russian citizens still have access to cryptocurrency exchanges, sanctions on traditional payment channels appear to be limiting their ability to trade. While most crypto exchanges oppose blanket bans on Russian users, many have stopped taking payments from sanctioned banks […]
PayPal’s CEO Opines Blockchain and Crypto Will Reform Financial System
Paypal CEO Dan Schulman discussed the future potential of cryptocurrencies and blockchain technology in the futuristic financial system in an interview on Monday. The actual promise of digital currencies, according to Schulman, is in payments, not in buying and selling them or anticipating their price movements. Furthermore, he believes that the intersection of CBDC, stable […]
Terra set to become the world’s largest blockchain by staked value, and Ethereum 2.0 reached a milestone
Terra’s LUNA is one cryptocurrency that has mostly remained unaffected by the current cryptocurrency market slump. With the LUNA price creeping closer to $100, it has been able to maintain its position. Unlike the other top ten cryptocurrencies, LUNA is now trading in the positive territory at a price of $97.27. The achievement comes amid […]